OLED TV Will Drive the Consumer Electronic Market in Future

The Global TV Market in consumer electronics is projected to grow at a CAGR of around 5% during 2015-2020, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 06/09/2015 -- The consumer electronics space covers a variety of devices, including liquid crystal display televisions (LCD TV), OLED TV, DVD and Blu-ray players as well as recorders, digital still cameras and portable media players. Other important categories are video game consoles and handheld game players, digital set-top boxes. For most of these categories, it is one of the fastest changing markets. With the advent of globalization, this market is becoming wider and extremely competitive with the entry of many players, each trying to establish a foothold on a global platform, with an aim to expand their economies of scale and gain a first mover advantage.

As per our research, global consumer electronics market is growing swiftly over the past few years owing to the increase in the disposable income of the people and the change in the preferences. Additionally, electronic companies are finding new ways to advertise for their products. Further, extensive marketing and distribution strategies on behalf of the manufacturers coupled with focus on energy efficient products, will drive this market. Further, the sales volume of OLED TVs has been rising gradually since 2013. From the perspective of the total flat TV industry, OLED TVs accounted for zero of the total sales of flat panel TVs in 2013. And in 2015, Chinese and Japanese TV makers are set to launch curved OLED TVs which will increase the shipment of the OLED TV market. Thus the TV market will eventually be drove by the OLED TV segment.

Our report "Global Consumer Electronics Market Outlook 2020", provides an in-depth research and rational analysis of the current status and future growth prospects of the consumer electronics market on globe. Our research includes analysis of consumer electronics by type (which includes TV, audio/ video devices, High Definition consumer Electronics, Telecom Equipment, computer, Home Appliances, Wearable Gadgets, Automotive Consumer electronics, Cameras), which is further bifurcated into types with future projections till 2020.

Besides that, the report provides a country level analysis of consumer electronics market including analysis of 10 major countries. We have taken countries such as US, UK, Germany, India, China etc. Additionally, the report analyzed the global consumer electronics market size and industry trends to present a comprehensive overview of the market.

Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. We have included the key players' such as Samsung Electronics Co. Ltd., LG Electronics Inc., Apple Inc., and many others, and included their business overview, product portfolio, key financials, strength weakness analysis and recent developments to provide a brief idea of the competitive landscape. In all, the report presents a comprehensive look at the sector's past, present, and future scenario.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM757.htm

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.